I'm not sure if the tenants have formally put in a maintenance request that would require it to be fixed.

Ran the numbers with property management, cap ex, vacancy, repairs, and maintenance and it cash flowed around $360.

Hello,I need to purchase a new personal residence in a new area and while none of the houses are to my exact liking, there are a number of houses which check a few of the boxes.Therefore, I plan to purchase one of them and then hire some contractors to check the boxes that it doesn't have on day 1.Accordingly, I'm trying to get a sense of what is most vs least costly to change on a home (I've been an investor for years but just buy and holds with maintenance work, not flipping).I'm thinking it goes like this (from most expensive to least), but please advise if I'm wrong somewhere.  

I don't know anything about the Peioria Heights rental market but the argument would be that a $30k home will be a "class C (or less) neighborhood" and while you may see good cash flows and rent at the 2% rule, you'll see higher turnovers, maintenance costs, and capex which will ultimately catch up.

After ALL the expenses (taxes, insurance, vacancy, utilities, maintenance, cap ex, HOA, Mortage ect) would it still cash flow an acceptable amount with two tenants?

My state has laws that make owner responsible for keeping the home habitable and making sure maintenance/repairs are handled in a timely manner.

@Keith White I don't see where you're accounting for Vacancy (8%) Maintenance (5-10%) and Capex (10%) you should also factor out 10% for property management if you decide to have someone else manage the property in the future.  

Other benefits include Tenants refer other tenants (because they are treated right) and those referrals are usually in good financial standing as well, tenants are not as "quick to blame the landlord" when something breaks and maintenance requests actually decrease because they have a positive image of landlord and try to fix minor repairs, it also shows throughout the company the attitude of owners and that this is not just a numbers business but a PEOPLE BUSINESS.

No history of maintenance issues. 

What about maintenance issues?